Skip to main content

Debt-to-income ratio

Do you have enough income to pay your bills on time? The larger your income, the more debt you can handle. You need enough income to meet your monthly expenses, in addition to the payments due on the balance of your debt.

Various formulas have been suggested for calculating the debt-to-income ratio. The average goal is to keep debt to within 20 percent or less. Calculate your debt-to-income ratio with these online tools: